Most teams sign a “profit share” deal with their market maker And never define what profit actually means. After working with 120+ projects at Enflux | Hiring here's how MMs legally and legitimately make money: 1️⃣ Account value increase (USD + token balance goes up) 2️⃣ Token

What a night 🎉 Our TOKEN2049 side event at Cin Cin Gin Bar was nothing short of spectacular. From reconnecting with our partners to engaging with new potential investors, it was a powerful reminder of the value of in-person conversations in this space. Massive shoutout to

"Not every project needs a token. For some, it’s just noise" If your users are crypto-native speculators, a token might boost distribution. But if your audience is enterprise or infrastructure-focused, it might do nothing. The real question isn’t “should we launch a token?”

Institutional adoption is driving the headlines this season 🚨 Will October be remembered as Uptober or Rektober? 1️⃣ Uptober - thanks to BlackRock , Stripe , and Citi 2️⃣ Rektober - unlock season & illiquid treasuries hit 3️⃣ Still building - Base , Limitless , Aster

If you don't have revenue, no VC will talk to you ❌ Lots of investors nowadays are turning down founders due to lack of quality products. They are rushing to raise with a token, without building good products that their community actually wants. And what do you get? Refunds.

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Market makers keep crypto markets alive 🫀 Without market makers, tokens face wide spreads, thin liquidity, and poor execution. Even strong demand will not fix that. A real market maker: ➤ Posts passive orders on both sides of the book ➤ Adjusts those orders in real time as

Most DEXs today are just CEX spin-offs with a new coat of paint. 🔹 Hyperliquid is different. No CEX legacy. No VC backing. Not built on narrative. Just a performant product that delivers. They’re ahead of the curve.

This graphic shows what many in crypto already suspect: CEX founders are now launching DEXs. Binance → Aster Bybit → ApeX Protocol HTX → SunPerp Coinbase 🛡️ → Avantis Centralized exchange teams are entering the decentralized space.

This is literally one day apart Never kill yourself

This was the biggest liquidation in crypto history, but also the fastest recovery. The market added over $250 billion in value since the crash. We are going so much higher.

We just witnessed history. Trump’s 100% China tariffs triggered the largest liquidation event in crypto to date. Over $19B USD was wiped in a single day. It was bigger than FTX, bigger than Luna, and bigger than Covid. For Web3 founders, this was a structural reset. We have

Not every project deserves market making. There are moments where we intentionally step back. When a token is being manipulated, with price moving 30 to 40 percent in minutes, we are not going to chase that move with tighter spreads or higher bids. That is not market making.

We’ve never come close to running out of runway. But we’ve seen how it happens, and how fast it collapses: Here's how to avoid the death spiral: - Maintain a lean burn rate - Align token unlocks with actual market demand - Establish organic buy-side activity early - Do not

The real market-making trilemma You can’t have all three. 🔹 Tight spreads 🔹 Treasury growth 🔹 Clean inventory management Without demand or hedgeable markets, it doesnt work. MMs can optimize execution. They cannot create demand. Market making only works when the token